Public Law 69.
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(/us/pl/73/68).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That this Act may Emergency Railroad Transportation Act, 1933. be cited as the “Emergency Railroad Transportation Act, 1933.” TITLE I— EMERGENCY POWERS title i—Emergency powers. Section 1. As used in this title— Definitions.
(a)The term “Commission” means the Interstate Commerce “Commission.” Commission.
(b)The term “Coordinator” means the Federal Coordinator of “Coordinator.” Transportation hereinafter provided for.
(c)The term “committee” means any one of the regional coordinating "Committee.” committees hereinafter provided for.
(d)The term “carrier” means any common carrier by railroad “Carrier.” subject to the provisions of the Interstate Commerce Act, as amended, including any receiver or trustee thereof.
(e)The term “subsidiary” means any company which is directly “Subsidiary.” or indirectly controlled by, or affiliated with, any carrier or carriers. For the purpose of the foregoing definition a company shall be deemed to be affiliated with a carrier if so affiliated within the meaning of paragraph
(8)of section 5 of the Interstate Commerce Act, as amended by this Act.
(f)The term “employee” includes every person in the service of “Employee.” a carrier (subject to its continuing authority to supervise and direct the manner of rendition of his service) who performs any work defined as that of an employee or subordinate official in accordance with the provisions of the Railway Labor Act.
(g)The term “State commission” means the commission, board, “State commission.” or official, by whatever name designated, exercising power to regulate the rates or service of common carriers by railroad under the laws of any State. Sec. 2. In order to foster and protect interstate commerce in relation Objects of title declared. to railroad transportation by preventing and relieving obstructions and burdens thereon resulting from the present acute economic emergency, and in order to safeguard and maintain an adequate national system of transportation, there is hereby created the office Office of Federal Coordinator of Transportation; created. of Federal Coordinator of Transportation, who shall be appointed by the President, by and with the advice and consent of the Senate, or be designated by the President from the membership of the Commission. If so designated, the Coordinator shall be relieved from other duties as Commissioner during his term of service to such extent as the 212Not to serve on Commission of review. President may direct; except that the Coordinator shall not sit as a member of the Commission in any proceedings for the review or suspension Powers and duties of Coordinator. of any order issued by him as Coordinator. The Coordinator shall have such powers and duties as are hereinafter set forth and prescribed, and may, with the approval of the President, and without Appointment of assistants. regard to the civil service laws and the Classification Act of 1923, as amended, appoint and fix the compensation of such assistants and agents, in addition to the assistance provided by the Commission, as may be necessary to the performance of his duties under this Location, etc., of office. Act. The office of the Coordinator shall be in Washington, District of Columbia, and the Commission shall provide such office space, facilities, and assistance as he may request and it is able to furnish. Compensation; restriction. The Coordinator shall receive such compensation as the President shall fix, except that if designated from the Commission, he shall receive no compensation in addition to that which he receives as a member of the Commission. Sec. 3.Coordinator to divide carriers into three regional groups. *Post*, p. 974. The Coordinator shall divide the lines of the carriers into three groups, to wit, an eastern group, a southern group, and a western group, and may from time to time make such changes or subdivisions in such groups as he may deem to be necessary or desirable. At the earliest practicable date after the Coordinator Regional coordinating committees to be created. Membership. shall have initially designated such groups, three regional coordinating committees shall be created, one for each group, and each committee shall consist of five regular members and two special Selection by carriers; rules governing operation. members. The carriers in each group, acting each through its board of directors or its receiver or receivers or trustee or trustees or through an officer or officers designated for the purpose by such board, shall select the regular members of the committee representing Railroad system limited to one representative. that group, and shall prescribe the rules under which such committee shall operate; but no railroad system shall have more than one representative on any such committee. In such selection each carrier Vote.shall have a vote in proportion to its mileage lying within the Selection of two special members; to represent steam and electric railroads.group. The two special members of each committee shall be selected in such manner as the Coordinator may approve, one to represent the steam railroads within the group which had in 1932 railway operating revenues of less than $1,000,000 and the other to represent electric railways within the group not owned by a steam railroad or operated as a part of a general steam Notice of meetings, etc. railroad system of transportation. Each such special member shall have reasonable notice of all meetings of his committee at which any matter affecting any carrier which he represents is to be considered, and may participate in the consideration and disposition Removals and vacancies. of such matter. Members of the committees may be removed from office and vacancies may be filled in like manner. Sec. 4.Purposes of title. The purposes of this title are
(1)to encourage and promote or require action on the part of the carriers and of subsidiaries subject to the Interstate Commerce Act, as amended, which will Avoid unnecessary duplication, etc.; joint use of tracks and terminals. *Proviso*. Restriction on eliminating existing routes. Control allowances and accessorial services.
(a)avoid unnecessary duplication of services and facilities of whatsoever nature and permit the joint use of terminals and trackage incident thereto or requisite to such joint use: *Provided*, That no routes now existing shall be eliminated except with the consent of all participating lines or upon order of the Coordinator,
(b)control allowances, accessorial services and the charges therefor, and other practices affecting service or operation, to the end that undue impairment of net earnings may be prevented, and
(c)avoid other wastes and preventable expense;
(2)to promote financial Promote economies. Financial reorganization of carriers. reorganization of the carriers, with due regard to legal rights, so as to reduce fixed charges to the extent required by the public inter-213est and improve carrier credit; and
(3)to provide for the immediate Study of conditions for improving transportation. study of other means of improving conditions surrounding transportation in all its forms and the preparation of plans therefor. *Post*, p. 216. Sec. 5. It shall be the duty of the committees on their own initiative, Provisions of title to be executed by regional committees, etc. severally within each group and jointly where more than one group is affected, to carry out the purposes set forth in subdivision
(1)of section 4, so far as such action can be voluntarily accomplished *Ante*, p. 212. by the carriers. In such instances as the committees are Authority of Coordinator when committee reports inability to perform. unable, for any reason, legal or otherwise, to carry out such purposes by such voluntary action, they shall recommend to the Coordinator that he give appropriate directions to the carriers or subsidiaries subject to the Interstate Commerce Act, as amended, by order; and the Coordinator is hereby authorized and directed to issue and enforce such orders if he finds them to be consistent with the public interest and in furtherance of the purposes of this title. Sec. 6.
(a)The Coordinator shall confer freely with the committees Committee conferences. and give them the benefit of his advice and assistance. At his request, the committees, the carriers, the subsidiaries, and the Reports, etc., to be submitted. Commission shall furnish him, or his assistants and agents, such information and reports as he may desire in investigating any matter within the scope of his duties under this title; and the Coordinator, his assistants, and agents, and the Commission, shall at all times have Access to accounts, records, etc., of carriers. access to all accounts, records, and memoranda of the carriers and subsidiaries. If, in any instance, a committee has not acted with respect to any matter which the Coordinator has brought to its Coordinator may act on his own initiative, if committee fails. attention and upon which he is of the opinion that it should have acted, under the provisions of section 5, he is hereby authorized and directed to issue and enforce such order, giving appropriate directions to the carriers and subsidiaries subject to the Interstate Commerce Act, as amended, with respect to such matter, as he shall find to be consistent with the public interest.
(b)Insofar as may be necessary for the purposes of this title, Proceedings before Commission. the Commission and the members and examiners thereof shall have the same power to administer oaths and require by subpena Attendance of witnesses; production of books, etc. the attendance and testimony of witnesses and the production of books, papers, tariffs, contracts, agreements, and documents and to take testimony by deposition, relating to any matter under investigation, as though such matter arose under the Interstate Commerce Act, as amended and supplemented; and any person subpenaed or testifying in connection with any matter under investigation under this title shall have the same rights, privileges, and immunities Penalty provisions. and be subject to the same duties, liabilities, and penalties as are provided in the case of persons subpenaed or testifying in connection with any matter under investigation under the Interstate Commerce Act, as amended. Sec. 7.
(a)A labor committee for each regional group of carriers Labor committees; selection. may be selected by those railroad labor organizations which, as representatives duly designated and authorized to act in accordance Railway labor organizations to represent. with the requirements of the Railway Labor Act, entered into the agreements of January 31, 1932, and December 21, 1932, with duly authorized representatives of the carriers, determining the wage Vol. 44, p. 577. payments of the employees of the carriers. A similar labor committee Committee to represent other organizations. for each regional group of carriers may be selected by such other railroad labor organizations as may be duly designated and authorized to represent employees in accordance with the requirements of the Railway Labor Act. It shall be the duty of the regional Labor conferences. coordinating committees and the Coordinator to give reasonable notice to, and to confer with, the appropriate regional labor committee Notice to regional labor committee. or committees upon the subject matter prior to taking any 214 action or issuing any order which will affect the interest of the employees, and to afford the said labor committee or committees reasonable opportunity to present views upon said contemplated action or order. (b)Reduction in number of employees restricted. The number of employees in the service of a carrier shall not be reduced by reason of any action taken pursuant to the authority of this title below the number as shown by the pay rolls of employees in service during the month of May, 1933, after deducting the number who have been removed from the pay rolls after the effective date of this Act by reason of death, normal retirements, or resignation, Vacancies caused by death, etc. but not more in any one year than 5 per centum of said number in service during May, 1933; nor shall any employee in such service be deprived of employment such as he had during said month of May or be in a worse position with respect to his compensation for such employment, by reason of any action taken pursuant to the authority conferred by this title. (c)Regional boards of adjustment, establishment. The Coordinator is authorized and directed to establish regional boards of adjustment whenever and wherever action taken pursuant to the authority conferred by this title creates conditions that make necessary such boards of adjustment to settle controversies between carriers and employees. Carriers and their Equality of representation, etc.employees shall have equal representation on such boards of adjustment for settlement of such controversies, and said boards shall exercise the functions of boards of adjustment provided for by the Railway Labor Act. (d)Carriers to pay property losses of employees incident to transfers of work. The Coordinator is authorized and directed to provide means for determining the amount of, and to require the carriers to make just compensation for, property losses and expenses imposed upon employees by reason of transfers of work from one locality to another in carrying out the purposes of this title. (e)Compliance with Railway Labor and Bankruptcy Acts by carriers required. Carriers, whether under control of a judge, trustee, receiver, or private management, shall be required to comply with the provisions of the Railway Labor Act and with the provisions of section 77, paragraphs (o), (p), and (q), of the Act approved March 3, 1933, Vol. 44. p. 577; Vol. 47, p. 1481. entitled “An Act to amend an Act entitled ‘An Act to establish a uniform system of bankruptcy throughout the United States’, approved July 1, 1898, and Acts amendatory thereof and supplementary thereto.” Sec. 8.Orders of Coordinator to be made public. Any order issued by the Coordinator pursuant to this title shall be made public in such reasonable manner as he may determine Effective date, etc. and shall become effective as of such date, not less than twenty days from the date of such publication, as the Coordinator shall prescribe in the order; and such order shall remain in effect until it is vacated by him or suspended or set aside by the Commission Pooling arrangements, etc. or other lawful authority, as hereinafter provided, and such order may include provision for the creation and administration of such just pooling arrangements or for such just compensation for the use of property or for carrier services as he may deem necessary or desirable and in furtherance of the purposes of this title. Sec. 9.Appeals to Commission. Any interested party, including, among others, any carrier, subsidiary, shipper, or employee, or any group of carriers, shippers, or employees, or any State commission, or the Governor of any State, or the official representative or representatives of any political subdivision thereof, dissatisfied with any order of the Coordinator may, at any time prior to the effective date of the order, file a petition with the Commission asking that such order be reviewed and suspended pending such review, and stating fully the reasons therefor. Rules governing. Such petitions shall be governed by such general rules as the Commission may establish, If the Commission, upon considering such 215 petition and any answer or answers thereto, finds reason to believe that the order may be unjust to the petitioner or inconsistent with the public interest, the Commission is hereby authorized to grant such review and, in its discretion, the Commission may suspend the Review by commission; suspension of order. order if it finds immediate enforcement thereof would result in irreparable damage to the petitioner or work grave injury to the public interest, but if the Commission suspends an order, it shall expedite the hearing and decision on that order as much as possible. Thereupon the Commission shall, after due notice and a public hearing, review the order and take such action in accord with the purposes of this title as it finds to be just and consistent with the public interest, either confirming the order or setting it aside or reissuing it in modified form, and any order so confirmed or reissued shall thereafter remain in effect until vacated or modified by the Commission. Sec. 10.
(a)The carriers or subsidiaries subject to the Interstate Suspension of the antitrust laws, etc. Vol. 38, p. 730. Commerce Act, as amended, affected by any order of the Coordinator or Commission made pursuant to this title shall, so long as such order is in effect, be, and they are hereby, relieved from the operation of the antitrust laws, as designated in section 1 of the Act entitled “An Act to supplement existing laws against unlawful restraints and monopolies, and for other purposes”, approved October 15, 1914, and of all other restraints or prohibitions by law, State or Federal, other than such as are for the protection of the public health or Protection of public health or safety excepted. safety, in so far as may be necessary to enable them to do anything authorized or required by such order made pursuant to this title: *Provided, however*, That nothing herein shall be construed to repeal, *Proviso*. Railway Labor Act not affected. Vol. 44, p. 577. amend, suspend, or modify any of the requirements of the Railway Labor Act or the duties and obligations imposed thereunder or through contracts entered into in accordance with the provisions of said Act.
(b)The Coordinator shall issue no order which shall have the Notification to State of intention to relieve carrier from operation of State law. effect of relieving any carrier or subsidiary from the operation of the law of any State or of any order of any State commission until he has advised the State commission of said State, or the Governor of said State if there be no such commission, that such order is in contemplation, and shall afford the State commission or Governor so Hearings. notified reasonable opportunity to present views and information bearing upon such contemplated order, nor unless such order is necessary, in his opinion, to prevent or remove an obstruction to or a burden upon interstate commerce. Sec. 11. Nothing in this title shall be construed to relieve any Prior contractual obligations continued in force. carrier from any contractual obligation which it may have assumed, prior to the enactment of this Act, with regard to the location or maintenance of offices, shops, or roundhouses at any point. Sec. 12. The willful failure or refusal of any carrier or subsidiary Penal provisions. Violation of Coordinator’s, etc., order. or of any officer or employee of any carrier or subsidiary to comply with the terms of any order of the Coordinator or of the Commission made pursuant to this title shall be a misdemeanor, and upon conviction thereof the carrier, subsidiary, or person offending shall be subject to a fine of not less than $1,000 or more than $20,000 for Penalty. Each day a separate offense. each offense, and each day during which such carrier, subsidiary, or person shall willfully fail or refuse to comply with the terms of such order shall constitute a separate offense. It shall be the Prosecution proceedings. duty of any district attorney of the United States to whom the Coordinator or the Commission may apply to institute in the proper court and to prosecute under the direction of the Attorney General of the United States all necessary proceedings for the enforcement of the provisions of this title and for the punishment 216Payment of expenses. of all violations thereof, and the costs and expenses of such prosecution shall be paid out of the appropriation for the expense of the *Proviso*. Employee’s right to refuse to render services, etc. courts of the United States: *Provided*, That nothing in this title shall be construed to require any employee or officer of any carrier to render labor or service without his consent, or to authorize the issuance of any orders requiring such service, or to make illegal the failure or refusal of any employee individually, or any number of employees collectively, to render labor or services. Sec. 13.Study of means of improvement, etc., to be made. It shall further be the duty of the Coordinator, and he is hereby authorized and directed, forthwith to investigate and consider means, not provided for in this title, of improving transportation conditions throughout the country, including cost finding in rail transportation and the ability, financial or otherwise, of the carriers to improve their properties and furnish service and charge rates which will promote the commerce and industry of the country and including, also, the stability of railroad labor employment and Recommendations to be submitted. other improvement of railroad labor conditions and relations; and from time to time he shall submit to the Commission such recommendations calling for further legislation to these ends as he may deem necessary or desirable in the public interest. The Commission Transmission to President, etc. shall promptly transmit such recommendations, together with its comments thereon, to the President and to the Congress. Sec. 14.Expenses of Coordinator. *Ante*, p. 211. The expenses of the Coordinator except so far as they are borne by the Commission in accordance with the provisions of section 2, but not including the expenses of the coordinating committees, shall be allowed and paid, on the presentation of itemized Fund, obtained from assessments on carriers. vouchers therefor approved by the Coordinator, out of a fund obtained from assessments on the carriers, and said fund is hereby appropriated for the payment of such expenses. It shall be the Basis of computation. duty of each carrier, within thirty days after the date of enactment of this Act, to pay into this fund, for the first year of the operation *Post*, p. 954. of this title, one and one-half dollars for every mile of road operated by it on December 31, 1932, as reported to the Commission, and to pay into said fund within thirty days after the expiration of such year a proportional amount covering any period of extension of this *Post*, p. 217. title by proclamation of the President under section 17, and it shall be the duty of the Secretary of the Treasury to collect such assessments. Pro rata return of any balance. Any amount remaining in the fund when this title ceases to have effect shall be returned by the Secretary of the Treasury to the Free transportation, etc., provided Coordinator, assistants, etc. Vol. 35, p. 60, waived. carriers in proportion to their contributions. The carriers and the Pullman Company shall be permitted, anything in the Interstate Commerce Act, as amended, to the contrary notwithstanding, to provide free transportation and other carrier service to the Coordinator and his assistants and agents and to the employees of the Commission when engaged in the service of the Coordinator. Sec. 15.Loans to carriers denied when financial reorganization essential. Vol. 47, p. 7. The Commission shall not approve a loan to a carrier under the Reconstruction Finance Corporation Act, as amended, if it is of the opinion that such carrier is in need of financial reorganization *Proviso*. “Carrier” not to include receiver, etc. Court review of orders. in the public interest: *Provided, however*, That the term “carrier” as used in this section shall not include a receiver or trustee. Sec. 16. Any final order made under this title shall be subject to the same right of relief in court by any party in interest as is now provided in respect to orders of the Commission made under the Venue of suits on orders of Coordinator or Commission. Vol. 38, p. 219, amended. Interstate Commerce Act, as amended. The provisions of the Urgent Deficiencies Appropriation Act of October 22, 1913 (38 Stat.L. 219), shall be applicable to any proceeding in court brought to suspend or set aside any order of the Coordinator or of the Commission entered pursuant to the provisions of this title. 217 Sec. 17. This title shall cease to have effect at the end of one year Duration of title. Extension by proclamation. *Post*, p. 1740. after the effective date, unless extended by a proclamation of the President for one year or any part thereof, but orders of the Coordinator or of the Commission made thereunder shall continue in effect Continuing effectiveness of Coordinator’s orders. until vacated by the Commission or set aside by other lawful authority, but notwithstanding the provisions of section 10 no such order shall operate to relieve any carrier from the effect of any State law or of any order of a State commission enacted or made after this title ceases to have effect. TITLE II— AMENDMENTS TO INTERSTATE COMMERCE title ii—Interstate Commerce Act amendments. ACT Section 201. Section 5 of the Interstate Commerce Act, as amended Vol. 24, p. 380. [U. S. C., p. 1655](/us/usc/p1655). (U.S.C., title 49, sec. 5), is amended by striking out paragraphs
(2)and
(3)and by renumbering paragraphs
(4)and
(5)as paragraphs
(2)and (3), respectively, and by striking out the last sentence of the paragraph so renumbered as paragraph (3). Sec. 202. Such section 5 is further amended by striking out Combination, consolidation, etc. paragraphs (6), (7), and (8), and by inserting in lieu thereof the following paragraphs: " “(4)
(a)It shall be lawful, with the approval and authorization Mergers authorized. of the Commission, as provided in subdivision (b), for two or more carriers to consolidate or merge their properties, or any part thereof, into one corporation for the ownership, management, and operation of the properties theretofore in separate ownership; or for any carrier, or two or more carriers jointly, to purchase, lease, or contract Contract to operate another’s properties. to operate the properties, or any part thereof, of another; or for any carrier, or two or more carriers jointly, to acquire control Acquire control, through purchase of stock. Holding companies, etc. of another through purchase of its stock; or for a corporation which is not a carrier to acquire control of two or more carriers through ownership of their stock; or for a corporation which is not a carrier and which has control of one or more carriers to acquire control of another carrier through ownership of its stock. “(b) Whenever a consolidation, merger, purchase, lease, operating Application for authority to be made to Commission. contract; or acquisition of control is proposed under subdivision (a), the carrier or carriers or corporation seeking authority therefor shall present an application to the Commission, and thereupon the Commission shall notify the Governor of each State in which any part Notices to governors of States, etc. of the properties of the carriers involved in the proposed transaction is situated, and also such carriers and the applicant or applicants, of the time and place for a public hearing. If after such hearing Approval, if in harmony with Commission’s plan, and in public interest. the Commission finds that, subject to such terms and conditions and such modifications as it shall find to be just and reasonable, the proposed consolidation, merger, purchase, lease, operating contract, or acquisition of control will be in harmony with and in furtherance of the plan for the consolidation of railway properties established pursuant to paragraph (3), and will promote the public interest, it may enter an order approving and authorizing such consolidation, merger, purchase, lease, operating contract, or acquisition of control, Terms and conditions. upon the terms and conditions and with the modifications so found to be just and reasonable. “(5) Whenever a corporation which is not a carrier is authorized, Holding company acquiring control of carriers. by an order entered under paragraph (4), to acquire control of any carrier or of two or more carriers, such corporation thereafter shall, to the extent provided by the Commission, for the purposes of paragraphs
(1)to (10), inclusive, of section 20 (relating to reports, Supervision of Commission. accounts, and so forth, of carriers), including the penalties applicable in the case of violations of such paragraphs, be considered as 218 a common carrier subject to the provisions of this Act, and for the As to issues of securities, liabilities, etc. purposes of paragraphs
(2)to (11), inclusive, of section 20a (relating to issues of securities and assumptions of liability of carriers), including the penalties applicable in the case of violations of such To be treated as a “carrier.” paragraphs, be considered as a ‘carrier’ as such term is defined in paragraph
(1)of such section, and be treated as such by the Commission in the administration of the paragraphs specified. In the Assumption of obligations. application of such provisions of section 20a in the case of any such corporation the Commission shall authorize the issue or assumption applied for only if it finds that such issue or assumption is consistent with the proper performance by each carrier which is under the control of such corporation of its service to the public as a common carrier, will not impair the ability of any such carrier to perform such service, and is otherwise compatible with the public interest. “(6)Control or management unification of two or more carriers. It shall be unlawful for any person, except as provided in paragraph (4), to accomplish or effectuate, or to participate in accomplishing or effectuating, the control or management in a common interest of any two or more carriers, however such result is attained, whether directly or indirectly, by use of common directors, officers, or stockholders, a holding or investment company or companies, a voting trust or trusts, or in any other manner whatsoever. It shall be unlawful to continue to maintain control or management accomplished or effectuated after the enactment of this amendatory paragraph and in violation of its provisions. As used in this paragraph “Control or management”, construed. and paragraph (7), the words ‘control or management’ shall be construed to include the power to exercise control or management. “(7)Transactions deemed effecting control or management. For the purposes of paragraphs
(6)and (11), but not in anywise limiting the application thereof, any transaction shall be deemed to accomplish or effectuate the control or management in a common interest of two carriers— “(a) If such transaction is by a carrier, and if the effect of such transaction is to place such carrier and persons affiliated with it, taken together, in control of another carrier. “(b) If such transaction is by a person affiliated with a carrier, and if the effect of such transaction is to place such carrier and persons affiliated with it, taken together, in control of another carrier. “(c) If such transaction is by two or more persons acting together, one of whom is a carrier or is affiliated with a carrier, and if the effect of such transaction is to place such persons and carriers and persons affiliated with any one of them and persons affiliated with any such affiliated carrier, taken together, in control of another carrier. “(8)“Affiliated person”, defined. For the purposes of paragraph
(7)a person shall be held to be affiliated with a carrier if, by reason of the relationship of such person to such carrier (whether by reason of the method of, or circumstances surrounding organization or operation, or whether established through common directors, officers, or stockholders, a voting trust or trusts, a holding or investment company or companies, or any other direct or indirect means), it is reasonable to believe that the affairs of any carrier of which control may be acquired by such person will be managed in the interest of such other carrier. “(9)Immaterial whether references to control relate to direct or indirect. For the purposes of paragraphs (6), (7), (8), and (11), wherever reference is made to control it is immaterial whether such control is direct or indirect. As used in this paragraph and paragraphs Control construed. (7), (8), and
(11)the term ‘control’ shall be construed to include the power to exercise control. “(10)Investigations authorized. The Commission is hereby authorized, upon complaint or upon its own initiative without complaint, but after notice and hearing, to investigate and determine whether any person is violating 219 the provisions of paragraph (6). If the Commission finds after such Commission to order discontinuance of violations. investigation that such person is violating the provisions of such paragraph, it shall by order require such person to take such action as may be necessary, in the opinion of the Commission, to prevent continuance of such violation. “(11) For the proper protection and in furtherance of the plan Control, interfering with Commission’s consolidation plan or carrier’s independence to be investigated. for the consolidation of railway properties established pursuant to paragraph
(3)and the regulation of interstate commerce in accordance therewith, the Commission is hereby authorized, upon complaint or upon its own initiative without complaint, but after notice and hearing, to investigate and determine whether the holding by any person of stock or other share capital of any carrier (unless acquired with the approval of the Commission) has the effect
(a)of subjecting such carrier to the control of another carrier or to common control with another carrier, and
(b)of preventing or hindering the carrying out of any part of such plan or of impairing the independence, one of another, of the systems provided for in such plan. If the Commission finds after such investigation that such Restricting voting power of controlling stock. holding has the effects described, it shall by order provide for restricting the exercise of the voting power of such person with respect to such stock or other share capital (by requiring the deposit thereof with a trustee, or by other appropriate means) to the extent necessary to prevent such holding from continuing to have such effects. “(12) If in the course of any proceeding under this section before Suspension of proceeding in certain cases. the Commission, or of any proceeding before a court in enforcement of an order entered by the Commission under this section, it appears that since the beginning of such proceeding the plan for consolidation has been reopened under paragraph
(3)for changes or modifications with respect to the allocation of the properties of any carrier involved in such proceeding, then such proceeding may be suspended. “(13) The district courts of the United States shall have jurisdiction Jurisdiction of district courts. upon the application of the Commission, alleging a violation of any of the provisions of this section or disobedience of any order issued by the Commission thereunder by any person, to issue such writs of injunction or other proper process, mandatory or otherwise, as may be necessary to restrain such person from violation of such provision or to compel obedience to such order. “(14) The Commission may from time to time, for good cause Supplemental orders authorized. shown, make such orders, supplemental to any order made under paragraph (1), (4), (10), or (11), as it may deem necessary or appropriate. “(15) The carriers and any corporation affected by any order Carriers affected relieved from operation of antitrust laws. Vol. 38, p. 730. [U.S.C., p. 352](/us/usc/p352). made under the foregoing provisions of this section shall be, and they are hereby, relieved from the operation of the antitrust laws as designated in section 1 of the Act entitled ‘An Act to supplement existing laws against unlawful restraints and monopolies, and for other purposes’, approved October 15, 1914, and of all other restraints or prohibitions by or imposed under authority of law, State or Federal, insofar as may be necessary to enable them to do anything authorized or required by such order. “(16) If any provision of the foregoing paragraphs of this section, Separability provisions. or the application thereof to any person or circumstances, is held invalid, the other provisions of such paragraphs, and the application of such provision to any other person or circumstances, shall not be affected thereby. “(17) As used in paragraphs
(4)to (16), inclusive, the term “Person” defined. ‘person’ includes an individual, partnership, association, joint-stock 220“Carrier.” company, or corporation, and the term ‘carrier’ means a carrier by railroad subject to this Act.” " Sec. 203.Designated paragraphs renumbered. Vol. 42, p. 27. [U.S.C., p. 1655](/us/usc/p1655). Such section 5 is further amended by renumbering as paragraph
(18)the paragraph added by the Act entitled “An Act to amend section 407 of the Transportation Act of 1920”, approved June 10, 1921, and by renumbering the remaining three paragraphs as paragraphs (19), (20), and (21), respectively. Sec. 204.Interstate Commerce Act. Provisions, as amended, to remain in force. The provisions of the Interstate Commerce Act, as amended, and of all other applicable Federal statutes, as in force prior to the enactment of this title, shall remain in force, as though this title had not been enacted, with respect to the acquisition by any carrier, prior to the enactment of this title, of the control of any other carrier or carriers. Sec. 205.Vol. 41, p. 488, amended. [U.S.C., p. 1663](/us/usc/p1663). Section 15a of the Interstate Commerce Act, as amended (U.S.C., title 49, sec. 15a), is amended to read as follows: " “Sec. 15a. (1)“Rates” defined. When used in this section, the term ‘rates’ means rates, fares, and charges, and all classifications, regulations, and practices relating thereto. “(2)Fair return for carriers; factors in determining. In the exercise of its power to prescribe just and reasonable rates the Commission shall give due consideration, among other factors, to the effect of rates on the movement of traffic; to the need, in the public interest, of adequate and efficient railway transportation service at the lowest cost consistent with the furnishing of such service; and to the need of revenues sufficient to enable the carriers, under honest, economical, and efficient management, to provide such service.” " Sec. 206.Sums heretofore paid by carriers to Commission under section 15a
(6)to be returned. [U.S.C., p. 1663](/us/usc/p1663).
(a)All moneys which were recoverable by and payable to the Interstate Commerce Commission, under paragraph
(6)of section 15a of the Interstate Commerce Act, as in force prior to the enactment of this title, shall cease to be so recoverable and payable; and all proceedings pending for the recovery of any such moneys Liquidation of general railroad contingent fund. shall be terminated. The general railroad contingent fund established under such section shall be liquidated and the Secretary of the Treasury shall distribute the moneys in such fund among the carriers which have made payments under such section, so that each such carrier shall receive an amount bearing the same ratio to the total amount in such fund that the total of amounts paid under such section by such carrier bears to the total of amounts paid under such section by all carriers; except that if the total amount in such Distribution among carriers. fund exceeds the total of amounts paid under such section by all carriers such excess shall be distributed among such carriers upon the basis of the average rate of earnings (as determined by the Secretary of the Treasury) on the investment of the moneys in such fund and differences in dates of payments by such carriers. (b)Tax liabilities for periods after February 28, 1920; computation. The income, war-profits, and excess-profits tax liabilities for any taxable period ending after February 28, 1920, of the carriers and corporations whose income, war-profits, or excess-profits tax liabilities were affected by section 15a of the Interstate Commerce Act, as in force prior to the enactment of this Act, shall be computed Sums excluded from gross income. as if such section had never been enacted, except that, in the case of carriers or corporations which have made payments under paragraph
(6)of such section, an amount equal to such payments shall be excluded from gross income for the taxable periods with Distributions included. respect to which they were made. All distributions made to carriers in accordance with subdivision
(a)of this section shall be included in the gross income of the carriers for the taxable period Restriction on affect of provisions. in which this Act is enacted. The provisions of this subdivision shall not be held to affect
(1)the statutes of limitations with respect 221 to the assessment, collection, refund, or credit of income, war-profits or excess-profits taxes or
(2)the liabilities for such taxes of any carriers or corporations if such liabilities were determined prior to the enactment of this Act in accordance with section 1106
(b)of the Revenue Act of 1926 or section 606 of the Revenue Act of 1928, or in Vol. 44, p. 113; Vol. 45, p. 874. accordance with a final judgment of a court, an order of the Board of Tax Appeals which had become final, or an offer in compromise duly accepted in accordance with law. Sec. 207. Paragraph
(a)of section 19a of the Interstate Commerce Physical valuation of property. Vol. 37, p. 701; Vol. 40, p. 271, amended. *Post*, p. 515. Act, as amended (U.S.C., title 49, sec. 19a (a)), is amended to read as follows: " “(a) That the Commission shall, as hereinafter provided, investigate, Street, etc., railways, not a part of railroad system excluded. ascertain, and report the value of all the property owned or used by every common carrier subject to the provisions of this Act, except any street, suburban, or interurban electric railway which is not operated as a part of a general steam railroad system of transportation; Discretionary inclusion in separate valuation report. but the Commission may in its discretion investigate, ascertain, and report the value of the property owned or used by any such electric railway subject to the provisions of this Act whenever in its judgment such action is desirable in the public interest. Employment of experts. To enable the Commission to make such investigation and report, it is authorized to employ such experts and other assistants as may be necessary. The Commission may appoint examiners who shall Examiners. have power to administer oaths, examine witnesses, and take testimony. The Commission shall, subject to the exception hereinbefore Classification and inventory. provided for in the case of electric railways, make an inventory which shall list the property of every common carrier subject to the provisions of this Act in detail, and show the value thereof as hereinafter provided, and shall classify the physical property, as nearly as practicable, in conformity with the classification of expenditures for road and equipment, as prescribed by the Interstate Commerce Commission.” " Sec. 208. Paragraphs
(f)and
(g)of such section 19a, as amended [U.S.C., p. 1667](/us/usc/p1667). (U.S.C., title 49, sec. 19a (f), (g)), are amended to read as follows: " “(f) Upon completion of the original valuations herein provided Valuations; current maintenance of. for, the Commission shall thereafter keep itself informed of all new construction, extensions, improvements, retirements, or other changes in the condition, quantity, use, and classification of the property of New construction, etc., to be added. all common carriers as to which original valuations have been made, and of the cost of all additions and betterments thereto and of all changes in the investment therein, and may keep itself informed of current changes in costs and values of railroad properties, in order that it may have available at all times the information deemed by it to be necessary to enable it to revise and correct its previous inventories, Revision and inventories. classifications, and values of the properties; and when deemed necessary, may revise, correct, and supplement any of its inventories and valuations. “(g) To enable the Commission to carry out the provisions of the Duty of carriers to make reports. preceding paragraph, every common carrier subject to the provisions of this Act shall make such reports and furnish such information as the Commission may require.” " Sec. 209. If any provision of this Act, or the application thereof Saving provisions. to any person or circumstances, is held invalid, the other provisions of this Act or the application of such provision to any other person or circumstances shall not be affected thereby. Approved, June 16, 1933, 12:05 p.m. To extend the times for commencing and completing the construction of a bridge across the French Broad River on the proposed Morristown-Newport Road between Jefferson and Cocke Counties, Tennessee. Chapter 92 48 Stat. 222 1933-06-16 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2024-12-11 73 1 public 222 [CHAPTER 92.] AN ACT To extend the times for commencing and completing the construction of a bridge across the French Broad River on the proposed Morristown-Newport Road between Jefferson and Cocke Counties, Tennessee.June 16, 1933.[[S. 1872](/us/bill/73/s/1872).][[Public, No. 69](/us/pl/73/69).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, French Broad River.Time extended for bridging, Jefferson and Cocke Counties, Tenn. That the times for commencing and completing the construction of a bridge across the French Broad River on the proposed Morristown-Newport Road between Jefferson and Cocke Counties, Tennessee, authorized to be built by the Highway Department of the State of Tennessee, by an Vol. 46, p. 1064. Act of Congress approved February 6, 1931, are hereby extended one and three years, respectively, from February 6, 1933. Sec. 2. Amendment. The right to alter, amend, or repeal this Act is hereby expressly reserved. Approved, June 16, 1933, 12:45 p.m. Making appropriations for the government of the District of Columbia and other activities chargeable in whole or in part against the revenues of such District for the fiscal year ending June 30, 1934, and for other purposes. Chapter 93 48 Stat. 222 1933-06-16 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2024-12-11 73 1 public [CHAPTER 93.] AN ACT Making appropriations for the government of the District of Columbia and other activities chargeable in whole or in part against the revenues of such District for the fiscal year ending June 30, 1934, and for other purposes.June 16, 1933.[[H. R. 4589](/us/bill/73/hr/4589).][
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